Impact of Public Capital Expenditure on Poverty Rate in Nigeria
Keywords:Government Expenditure, Poverty Rate, Economy Growth, Central Bank of Nigeria, Capital Expenditure
According to the researchers, the aim of this study is to evaluate the impact of government spending on poverty rates in Nigeria. Several issues of the Central Bank of Nigeria's statistics bulletin were used in the research, which yielded a large amount of data. The data was submitted to a unit root test, which was performed using the Augmented Dickey fuller (ADF) method, in order to determine its time series characteristics. The variables' socioeconomic characteristics were obtained via the use of descriptive statistics. Because of the varying order of integration seen in the unit root, cointegration and regression analysis were carried out utilizing the ARDL- Autoregressive Distributed Lag method, which is an acronym for Autoregressive Distributed Lag. The results of the study revealed that the crucial t-value of 2.185498 is more than the t-statistic value of 2.185498 by a factor of two (2.0). Additionally, the result of 0.0377 is less than the cutoff value of 0.05. According to the findings of the research, capital expenditure has a significant impact on the poverty rate. According to the study, more capital investment in the following areas is recommended: education, electricity generation, economic services, and health. It also recommends that resources be effectively managed.
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